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MONEY FOR NOTHING

REAL WEALTH, FINANCIAL FANTASIES AND THE ECONOMY OF THE FUTURE

Roger Bootle

"Roger Bootle is one of the few City economists whose views I trust. He rarely runs with the pack, and more often than not his contrarian approach is proved correct. Better still he deals in plain English, not gobbledegook econo-speak. His new book on life's harsh realities will make you sit up and think."
Jeff Randall, BBC Business Editor

Money for Nothing is nothing short of a great economic vision and a magnificent blueprint for a global society."
Professor Dr. Norbert Walter, Chief Economist, Deutsche Bank

The world is at a critical juncture, poised between a surge in wealth and descent into outright slump. Now Roger Bootle embraces controversy again with a fascinating and far-reaching book which analyses the prospect of both deflation and depression after the great illusion of the bubble - 'money for nothing'.

Yet Bootle argues that if we can avoid the twin perils of protectionism and a deflationary slump, there is a positive prospect for a global leap in real wealth in the future through an acceleration in global trade and in the new, intangible economy - money for nothing. The old economic obsession with tangible things such as land or machines has been replaced by a new economy of 'non things' such as intellect and ideas.

The world is on the brink of another leap forward in productive capacity and wealth which is the equivalent of the transformation which took place in our lives with the industrial revolution and the discovery of North America rolled into one - and collapsed into a couple of decades. The results may be a change in our circumstances which will make our lives today every bit as incongruous to the next generation as those of two hundred years ago are to us.

In The Death of Inflation Roger Bootle rocked the economic establishment with his predictions and was proved right. Now he embraces controversy again with this fascinating book.

Roger Bootle is one of the City of London's best-known economists. Formerly Group Chief Economist at HSBC, he is now Managing Director of Capital Economics, an independent economic consultancy, and Economic Advisor to Deloitte & Touche. He is a regular columnist on the Sunday Telegraph and a well-known broadcaster on radio and television. His previous book, The Death of Inflation, was also published by Nicholas Brealey Publishing and became an international bestseller.